Huan2021
Returning Member

Deductions & credits

So if I am getting a refund, and schedule SE has a tax amount, it means I don't need to pay any taxes because the amount I owed is less that what I am due for a refund?  Example, I'm getting a tax refund of $500.  My schedule SE shows I owed $400 taxes due.  That means the $400 was already deducted from my refund?